Key Takeaways Globalstar is adding two 6-meter antennas at its Singapore site to support its C-3 satellite system.The C-3 expansion plan includes about 90 new antennas in the U.S., Spain, Japan, Canada and beyond.Recent wins include a SpaceX launch deal, FCC approval and a U.S. Army research agreement.Globalstar, Inc. ((GSAT) has announced the commencement of construction to expand its Singapore ground station. The facility, hosted by Singtel since 2008, will soon boast two additional 6-meter tracking anten ...

Globalstar (GSAT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.09 per share. This compares to a loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +244.44%. A quarter ago, it was expected that this satellite communications company would post a loss of $0.07 per share when it actually produced a loss of $0.1, delivering a surprise of -42.86%.Over the last f ...

Globalstar (GSAT) Q2 2025 Earnings Call August 07, 2025 05:00 PM ET Speaker0Good day, and thank you for standing by. Welcome to the Globalstar Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone.You will then hear an automated message advising your hand is raised. To withdraw your que ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33117 GLOBALSTAR, INC. (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) Delaware 41-2116508 (State or O ...

Covington, LA, August 7, 2025 -- Globalstar, Inc. (Nasdaq: GSAT) ("Globalstar" or the "Company") today announced its financial results for the second quarter ended June 30, 2025. "Our second quarter results were strong with revenue increasing 11% to $67.1 million. Net income for the quarter was $19.2 million, while Adjusted EBITDA* was $35.8 million for the quarter, up from $32.6 million in the second quarter 2024 and reflecting a margin of 53%. Looking to the back half of the year, we are reiterating our p ...

Core Insights - Globalstar, Inc. has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Army to evaluate its satellite data solutions for military applications, indicating a significant integration of commercial satellite technology with defense needs [1][10] Group 1: CRADA and Military Applications - The CRADA focuses on Globalstar's next-generation telecommunications infrastructure, which is designed for low probability of intercept (LPI) and low probability of detection (LPD) communications, essential for modern military operations [2][5] - Globalstar's solutions aim to overcome vulnerabilities of traditional communication methods, providing reliable data in harsh and contested environments without compromising mission security [3][4] - The collaboration is expected to enhance capabilities for covert sensing, unmanned systems, and logistics tracking in high-risk environments [2][6] Group 2: Technological Innovations - Globalstar is positioning itself as a key player in low-earth orbit (LEO) satellite infrastructure, focusing on ultra-low size, weight, power, and cost (SWaP-C) devices that support real-time tactical activities and reduce operational risks [3][4] - The company's OTA messaging architecture supports dynamic communication protocols that enhance its LPI/LPD capabilities, making it suitable for defense missions in restricted communication settings [5][6] Group 3: Market Position and Financial Outlook - Globalstar is expanding its market presence through strategic partnerships, such as the agreement with Telecom Castilla-La Mancha to enhance its satellite services network in Europe [7] - The company has initiated the installation of a 6-meter tracking antenna for its upcoming C-3 mobile satellite system, marking the start of a global infrastructure expansion [8] - Management has reaffirmed its revenue guidance for 2025, projecting between $260 million and $285 million, with an expected adjusted EBITDA margin of around 50% [8]

Core Insights - Globalstar, Inc. has entered into definitive agreements with Telecom Castilla-La Mancha to expand its Alcazar Teleport facility in Spain, enhancing its mobile satellite services network, the C-3 System, to improve connectivity across Europe [1][10] - The expansion will double the size of the Alcazar Teleport, adding three new tracking antennas and essential infrastructure upgrades, reinforcing Globalstar's commitment to enhancing its global ground infrastructure [2][3] Infrastructure Development - The upgrade of the Alcazar facility is crucial for strengthening Globalstar's Low Earth Orbit (LEO) satellite constellation, enabling the company to support next-gen mobile satellite services for millions of users in Europe [3] - Recent power outages in Spain and Portugal highlighted the importance of satellite services, as Globalstar's network remained operational while terrestrial networks failed, showcasing the resilience of its system [4][10] Service and Revenue Growth - Globalstar provides satellite voice and data services in over 120 countries, with a product range that includes mobile and fixed satellite telephones and data modems [5] - The company reported a revenue of $60 million in the last quarter, a 6% year-over-year increase, driven by higher service revenues, and reaffirmed its 2025 revenue guidance between $260 million and $285 million, expecting an adjusted EBITDA margin of around 50% [8] Market Position - Globalstar currently holds a Zacks Rank of 3 (Hold), with its shares increasing by 41.2% over the past year, compared to a 57% growth in the Zacks Satellite and Communication industry [9]

Core Insights - Globalstar, Inc. has successfully installed its first 6-meter tracking antenna, Clifton-8, for the C-3 mobile satellite system, marking the beginning of a significant global initiative to enhance its ground infrastructure as part of the Extended MSS Network [1][11] - The company plans to deploy over 90 new antennas across approximately 35 ground stations in 25 countries, which includes major upgrades to existing infrastructure and the establishment of new ground stations to improve global connectivity [3][11] - Globalstar's commitment to high-performance satellite communications is driven by increasing demand for mobile connectivity across various industries and remote areas [4] Financial Performance - In the last reported quarter, Globalstar achieved revenues of $60 million, reflecting a 6% year-over-year increase, primarily due to higher service revenues [8] - The company has reiterated its financial outlook for 2025, projecting revenues between $260 million and $285 million, with an expected adjusted EBITDA margin of approximately 50% [9] Strategic Developments - Globalstar is enhancing its spectrum and wholesale capacity services, particularly in government and consumer sectors, with its Band n53 being a critical resource for 5G innovation [6] - The company has inaugurated a new Satellite Operations Control Center in March 2025, which significantly enhances its operational capabilities and supports its strategic growth in next-generation satellite solutions [7] - A partnership with GCT Semiconductor Holding aims to develop two-way satellite messaging systems for mobile devices, integrating advanced IoT and 4G/5G semiconductor technology into Globalstar's product offerings [8]

Group 1 - Globalstar's second-generation "Direct Device" (D2D) satellite constellation expansion has been approved by the FCC, aimed at providing network coverage for Apple devices [1] - Apple plans to pay up to $1.1 billion to Globalstar to enhance non-ground network connectivity for iPhones, following a previous investment of $400 million for a 20% stake in Globalstar [1] - The global commercial space sector is experiencing rapid development, with advancements in reusable rockets and low-orbit satellite constellations, marking a dual turning point for China's commercial space industry [1] Group 2 - Shanghai Hanxun is leveraging military private network communication as a foundation to explore satellite communication for a second growth curve [2] - China Satcom is accelerating its transformation from a space segment operator to a global satellite integrated service leader through technological independence and ecosystem integration [2]

Core Viewpoint - Globalstar reported a quarterly loss of $0.10 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.07, marking an earnings surprise of -42.86% [1] Financial Performance - The company posted revenues of $60.03 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.92%, but showing an increase from $56.48 million year-over-year [2] - Over the last four quarters, Globalstar has not surpassed consensus EPS estimates, although it has topped consensus revenue estimates three times [2] Stock Performance - Globalstar shares have declined approximately 35.2% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] Future Outlook - The company's earnings outlook will be crucial for stock performance, with current consensus EPS estimates at -$0.06 for the coming quarter and -$0.20 for the current fiscal year, alongside expected revenues of $65.3 million and $268.55 million respectively [7] - The Zacks Rank for Globalstar is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Satellite and Communication industry is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting that the industry's outlook could significantly impact Globalstar's stock performance [8]